Week One Health Care Financial Terms Worksheet

Understanding health care financial terms is a prerequisite
for both academic and professional success. This assignment is intended to
ensure you understand some of the basic terms used in this course.

Complete the
worksheet below according to the following guidelines:

· 
In the space provided, write each term’s
definition as used in health care management. You must define the term using
your own words.

· 
In the space provided after each term’s
definition, summarize a health care management scenario that illustrates the
importance of the skill, concept, procedure, or tool that the term refers to in
125 to 150 words. In the scenario, you may wish to consider the following:

o 
Why is the skill, concept, procedure, or tool
necessary for accurate record keeping, operational efficiency, excellent
patient services, employee management, regulatory compliance, reducing costs,
forecasting, and so forth?

o 
What successes are enabled by an adequate
understanding or appropriate application of the skill, concept, procedure, or
tool?

o 
What risks or failures are associated with an
inadequate understanding or inappropriate application of the skill, concept,
procedure, or tool?

Save the completed worksheet
as a Microsoft^® Word^® document with your name in the file
name.

Submit the file
to your instructor.

Worksheet

Submitted By:

[Type your name here.]

Term	Definition	Scenario
Controlling
Decision making
Organizing
Planning
Original records